Site MapHelpFeedbackMultiple Choice Quiz
Multiple Choice Quiz
(See related pages)

1
Adam Smith
A)wrote Das Kapital.
B)wrote The Wealth of Nations.
C)advocated a worker-controlled economy.
D)advocated laissez-faire capitalism.
E)both wrote The Wealth of Nations and advocated laissez-faire capitalism.
2
The process of deregulation began in 1977 with the _____ industry.
A)meat-packing
B)railroad
C)airline
D)dairy
E)steel
3
_____ revealed the threat of harmful pesticides such as DDT.
A)Earth in the Balance
B)Silent Spring
C)The government
D)The Environmental Protection Agency
E)None of the answers are correct.
4
_____ is the single largest source of global carbon emissions.
A)China
B)Germany
C)Cuba
D)The United States
E)Russia
5
_____ did not support the Kyoto Agreement in 2002.
A)George W. Bush (R)
B)Bill Clinton (D)
C)Al Gore (D)
D)John McCain (R)
E)John Kerry (D)
6
_____ brought an end to traditional economics in the United States.
A)The Civil War
B)Industrialization
C)Immigration
D)The Great Depression
E)The 1970s energy crisis
7
Fiscal policy deals with
A)interest rates.
B)inflation.
C)taxes.
D)government spending.
E)both taxes and government spending.
8
Which of the following statements is true?
A)The federal government has never had a surplus.
B)The federal government ran a surplus from 2001-2003.
C)The largest deficit in history occurred during the Clinton Administration.
D)The largest deficit in history occurred during the administration of George W. Bush.
E)The federal government ran a surplus from 1998-2001, but that surplus disappeared in 2001.
9
_____ believed that government should manage the economy through fiscal policy.
A)John Maynard Keynes
B)Franklin D. Roosevelt
C)Ronald Reagan
D)Herbert Hoover
E)Both John Maynard Keynes and Franklin D. Roosevelt
10
Which of the following is a discretionary spending item in the federal budget?
A)Social Security
B)Medicare
C)national defense
D)education
E)Both national defense and education are discretionary spending items.
11
The tax cut in 2001 was the largest since
A)1995.
B)1991.
C)1981.
D)1974.
E)1969.
12
The Federal Reserve Board was created in
A)1889.
B)1965.
C)1948.
D)1913.
E)1841.
13
Which of the following statements is true?
A)In the late nineteenth century, large trusts dominated many areas of the economy.
B)Railroad companies routinely overcharged their customers.
C)Congress created the Interstate Commerce Commission in 1887.
D)All of the answers are correct.
E)None of the answers are correct.
14
The first national park in the United States was created at
A)Acadia.
B)the Everglades.
C)Yellowstone.
D)Mount Rushmore.
E)the Grand Canyon.
15
What happened in 1970?
A)Earth Day was established.
B)The Environmental Protection Agency was created.
C)Rachel Carson wrote Silent Spring.
D)The Sierra Club was created.
E)Earth Day was established and the EPA was created.
16
At the present time, federal subsidies account for _____ of net farm income.
A)75 percent
B)more than a third
C)more than half
D)about a tenth
E)about a fifth
17
At present the national debt exceeds
A)$1 trillion.
B)$100 billion.
C)$9 trillion.
D)$17 trillion.
E)$33 trillion.
18
The budgetary process today
A)begins in the executive branch.
B)begins in Congress.
C)is completely dominated by the president.
D)is completely dominated by Congress.
E)is not in conflict between the two branches of government.
19
The Economic Growth and Tax Relief Reconciliation Act of 2001 was an example of
A)socialized welfare.
B)Democratic partisan fiscal policy.
C)national deficit reduction.
D)supply-side economics.
E)demand-side economics.
20
Which of the following nations is typically ranked highly in global economic competitiveness?
A)China
B)Mexico
C)Japan
D)Germany
E)United States





To learn more about the book this website supports, please visit its Information Center.
(c)2009 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Notice.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.


Patterson TAD 9eOnline Learning Center

Home > Chapter 15 > Multiple Choice Quiz